Gold Capped: Making money in the time remaining before Cataclysm

I got an email recently asking about something that's been on my mind lately: What ways of making gold are there when Cataclysm is just around the corner?
Graham writes:
I just recently had my first successful foray into the world of being an auctioneer. I am [now] sitting very happily with 28k gold earned [through selling crafted epics]. My goal is to purchase a Bane of the Fallen King title and ICC-10 full meta clear, which on Mal'ganis Horde sell for 50k and 75k respectively. At the time I am writing this, I have sold all of my inventory of epics and all of the materials that I was stockpiling to make more because my perception is the market has almost completely evaporated with the rumored release date of Nov. 2 for Cataclysm.
What other methods of accumulating a sizeable sum of gold over the next six weeks are available that should continue to be profitable clear up until the expansion hits?
I have access to max-level enchanting, blacksmithing, mining, alchemy and jewelcrafting. If the glyph market is your preferred answer, I could level a scribe. Unfortunately, my observation is that all crafted items (raid consumables, 264 epics, etc.) are selling at or below their material cost to create. I have looked into the Saronite shuffle and its various methods of earning income, and as near as I can determine, it's a zero-sum market as well (cost of ore = expected sale of any of the options).
This is a question on a lot of minds right now; as the expansion (and patch 4.0.1) looms nearer, people stop raiding and PvPing seriously, and the markets for many types of goods dry up. People are more likely to figure that 4,000g will be more valuable to them in Cataclysm than an iLvl 264 epic will be. What to do?
Ch-ch-ch-ch-changes
For starters, there are a few changes that are coming in patch 4.0.1 that can make you money if you plan for them. Since the patch will bring us the new class and combat mechanics, a lot of players will want to completely regem their equipment. For example, all armor penetration gems are being turned into crit rating. Even if players stop raiding, they'll want to put something in there to replace what may not be the best thing to gem. Knowing this, Blizzard seems to have made transmutation of epic gems no longer incur a cooldown on the PTR. That's right -- assuming this makes it to the live realms, you will be able to produce raw epic gems with an alchemist for the cost of the eternal and blue gem.
This large increase in demand and supply will likely affect different servers differently, but I predict we're going to see the same thing we saw when Transmute: Titanium and Smelt Titansteel went off cooldown: a quick drop in price, but not to the cost of the mats before the patch went live. The mats will be incredibly inflated for a while, as people who discovered that the cooldown was taken off buy them all; eventually, the prices will settle down to slightly more than the mats. Additionally, this means that the blue-quality gems generated by your Saronite shuffle will now be highly sought-after for transmutation into epic gems. You can easily make money with jewelcrafting and alchemy after 4.0.1 by transmuting and cutting epic gems to take advantage of all the regemming that people will want to do.
Another jewelcrafting business that should hold up well is selling mats to people leveling their skill. The end of an expansion is a good time to finish up trade skills, and you might be able to make decent money by prospecting old world or Burning Crusade ore. Adamantite particularly seems to have a good profit margin on many realms. You can see whether this is the case by plugging in the average prices you see into wowprospector.com.
Inscription? Enchanting?
I wouldn't suggest getting into glyphs, especially not on a server like yours, because it's a good bet that there are already several people pushing prices downward. I suspect that inscription will keep its money-making potential in Cataclysm, but don't level the trade just to sell glyphs. There are quite a few profit centers offered by inscription, and selling glyphs into a mature market with plenty of competition puts you against some people who are willing to play for hours at little profit just to drive people away.
Also, if you're looking for a way to make money with your current trade skills, check whether there's something you can do with enchanting scrolls. People still buy them, and if you use the right production and selling mechanics, you won't be crafting the ones that are no longer profitable. Also, if you have any enchants that can be put onto BoA gear, those will continue to be in constant demand through the next expansion.
Filed under: Economy, Cataclysm, Gold Capped






Reader Comments (Page 1 of 3)
Zayd Sep 30th 2010 5:04PM
Loving that banner pic !
Outis Oct 1st 2010 3:00AM
I would buy a shirt with that on it.
QueenOfBlades Sep 30th 2010 5:08PM
I dunno why, but that image of Deathwing tickling the ivories made me lol.
Amaxe Sep 30th 2010 5:10PM
It's getting to the point that I only bother to sell items where the opportunity cost = 0 (that is, things I acquire while moving through the dailes). Thus far, it's more cost effective to stockpile mats for the new alts.
Crafting items seems to be a loss right now.
nh4416 Sep 30th 2010 5:11PM
What's sense of accomplishment us there in buying a title or even being carried through something to get an achievement or title. I'm only 9/10 heroic 10 man/no reg icc 25 LK kill but I know it's my hard work that got me their and that's what makes it mean something.
I can't believe there are people out there so desperate for attention that they would buy a title to just to walk around Dalaran to try and impress people they don't even know. Besides how embarassing would that be for you when the people you do know see it and know you didn't earn it.
xenothaulus Sep 30th 2010 5:23PM
I have no regular hours I can raid, and pugs are usually full of morons or just non-existent. I'd pay for a slot in a good run just so I had a chance to see the fights and maybe get gear I'd otherwise have no chance at.
Paultab Sep 30th 2010 5:40PM
Agreed. Honestly, 75k for a title?
.....or maybe you could save your gold for whatever fancy mounts Cataclysm brings with it? I'm sure there'll be some version of the Tundra mount or Chopper you can buy.
Meh, maybe it's just me but I don't support the idea of greedy guilds who charge inflated amounts for runs. There's guilds on my realm who'll happily run people through ICC to get "Kingslayer" and charge nothing other than the cost of repairs.
Frizzlefry Sep 30th 2010 5:47PM
Some of us don't have guilds running ICC anymore, so if you want the title you have to pay for it. Plain and Simple.
Noyou Sep 30th 2010 5:58PM
I fully agree with you. When the kingslayer first came out I was impressed when I saw a player with it. Now, it's totally not a big deal. I stopped reading this guys letter as soon as he said he was playing the AH so he could buy the titles. To me that goes against everything I believe in (in life and in game). I mean you are playing a game or a recreation (hobby) and for whatever reason, you feel its necessary to purchase an item or title to give you some kind of validation. I guess as long as they get their enjoyment out of it, more power to them. It just seems to me he is spending a lot of time and resources on something hollow.
Sirus Sep 30th 2010 6:44PM
You know what? I'm 12/12 heroic 10-man and 11/12 heroic 25-man. You know how I got there? By being good player! And guess what... I have 90k gold. I have no idea how I made it... cause i certainly wasn't trying to. What is the point of buying a title? Better yet. What is the point of playing this game when all your doing is trying to make gold and not doing raids or pvp which is what this game was designed for?!? Pointless.
Swifteye Sep 30th 2010 7:40PM
I'd buy the Starcaller title in a heartbeat if I had the gold and if there were actually a guild on my server capable of and willing to sell it.
I don't give a flip about the prestige, and I'd happily go around telling everybody that I bought it rather than earning it... I simply want it because it sounds pretty, and because I think it fits quite well with my toon's name.
Even if I were ABLE to get a title like Kingslayer or Hand of A'dal or any of those other things people tend to lust after, I wouldn't wear it, simply because I don't like the way those sound.
I know, I'm one of those casuals that is ruining the game.
*shrugs*
Pyromelter Sep 30th 2010 7:42PM
I'm going to answer everyone who is up in arms about buying titles/mounts etc:
"What's sense of accomplishment..."
If you actually participate in the fight, there is a good sense of accomplishment. Lich King heroic is one of the all-time toughest fights in any video game, ever. Maybe you are good, or good enough to not hold back a raid, but you aren't linked up to the top guilds on the server. For example, on my server, only 4 guilds (2 horde, 2 alliance) have defeated the Lich King 10man on heroic. I am not in any of those guilds. My guild and the people that I've run 10mans with basically have no chance at ever killing LK heroic. Were I to join with one of the top guilds on a run, I am sure that I would be able to pull my own weight. I'd have earned that title just as much as anyone else. I have to imagine there are plenty of top-notch players that are not in top-notch guilds that would be able to do this.
Now, if you are doing ulduar runs, and just suiciding in the beginning and letting the other people 9man it for you, there is no sense of accomplishment whatsoever.
"I'm only 9/10 heroic 10 man/no reg icc 25 LK kill but I know it's my hard work that got me their and that's what makes it mean something."
And if you bought your way into a guild run that did LK heroic, you would also have done the hard work that got you that title (again, assuming you didn't suicide to let them 9man it).
"I can't believe there are people out there so desperate for attention that they would buy a title to just to walk around Dalaran to try and impress people they don't even know. Besides how embarassing would that be for you when the people you do know see it and know you didn't earn it."
Now this I have to disagree with. One of the great things about WoW is the unique ways you can play the game. If you are an average raider, but great at Auction House pvp, you can take all your hard earned gold and buy raid/pvp/whatever titles and achievements. As far as I know, there is no "AH Tycoon" achievement, so buying a Bane of the Fallen King title is just as legitimate as spending hard time working on your character with raid progression.
The indignation I see everyone having to me is misguided and pointless. It's a free-form game, and you can play it any way you want within the boundaries of it's rules. Making gold by selling mount/title/achievement runs is just as legitimate as buying them, which is just as legitimate as undercutting on the AH to corner a part of the market. You may not like it, you may not feel it's legitimate, you might feel it defeats the point of it, but to the person buying it, it might be the most fun he ever has in the game.
I see that 1.86% of guilds have killed LK heroic on 10man. If you aren't lucky enough to be in the top 2% of guilds, and you want to buy a LK heroic kill with your hard-earned gold, I see no reason why anyone would be embarrassed of that. You may judge them to be an embarrassment to society, but if they are up there having fun riding on their badass 310% frostwyrm as the Bane of the Fallen King, I'm pretty sure they are not worried about you judging them in that way.
nh4416 Sep 30th 2010 7:50PM
@ Xenothaulus
Completely understand where you are coming from BUT this guy wants the title for the sake of having a hard to get title and the meta achievement NOT because he wants to see the fight.
Getting a hard to get title is not is not a right. It is something that is earned by those who are willing to put in the work. Today people think just because they want something they deserve it. I would love loremaster but I dont have the time to get it. The loremaster title would be pointless without putting in the work and seeing the quests.
Saeadame Sep 30th 2010 8:41PM
Eh, to each his own. I kind of want the meta for ICC10, and I'm not in a raiding guild (my previous one dissolved a couple months ago). I could go out and find a new one, or I could buy the run, if I was THAT interested.
I'm not personally interested in that kind of thing... I'd rather finish the Scepter of the Shifting Sands chain (only one more Draconic for Dummies Chapter needed!) and spend my money on the elementium ore for the last quest in the chain (I just wish people would stop smelting it into bars no one ever buys /sigh).
Then I'll probably move on to buying pets like crazy.
People have different priorities, and if you have money, I'm not sure if anyone can disparage you for spending it how you want. They're not doing anything 'illegal' - you just object to it because it goes against what you think of as the natural way raid achievement should work - people in raiding guilds get them with guildies. Frankly, this is still a win/win - the guild, who got their achievements 'legitimately' get a shit ton of money, and the buyer gets his Wyrm (way better than the title IMO, the Kingslayer title I got with my old guild I never wear, because "the Patient" matches my feelings pretty much all the time much better).
Bronwyn Sep 30th 2010 8:54PM
Normally I'd agree with you but if someone were selling this on my server I would jump at the chance simply to have it done. Here's why.
I'm having abysmal luck finding a guild that I like- half the guilds peter out partway through ICC, and the other half are so elitist that it's not even funny- and I want to make it clear from the outset that I am not a bad player, I just dislike the attitude of the raid leaders of these guilds that if you make a mistake (a single mistake) you are automatically a baddy.
So, yes, just to take the pressure off, I would buy the titles.
Hahahaha Sep 30th 2010 8:59PM
"Eh, to each his own."
This. A thousand times this.
Hagu Sep 30th 2010 9:11PM
I think there is far, far less difference in getting a realm first, a max difficulty clear, a post-nerf kill and a purchased than people are claiming. This is just entertainment. I don't insist I am an integral part of a movie I want to watch.
On a personal level, a title of "never played WoW and spent the time reading" is probably more impressive than any ingame title. Barring that, being able to have the skills to earn enough gold is probably a much more valuable life skill than being able to move out of defile 300 milliseconds faster than your peers. If they played WoW, I would much prefer to find out a job applicant was gold capped than they had every hardmode title in the game. There probably have a better understanding of economics than most voters in the upcoming election.
So a purchased title is more impressive than one from people unimaginative enough to do it the traditional way. Your ability to annoy the epeen crowd is just a bonus.
Hahahaha Sep 30th 2010 9:59PM
@Hagu
Are you just checking out WoW Insider for possible recruits having "never played WoW and spent the time reading" or you actually play WoW and just not good at this game?
I have done some recruitment in my time and stuff like attention to detail, experience in handling time constrained/pressurized situation, flexibility, adaptability, multitasking, troubleshooting and improvising are also some of the traits that are "valuable life skills" which can be learnt as a raider.
"If they played WoW, I would much prefer to find out a job applicant was gold capped than they had every hardmode title in the game."
If they played WoW, I would have never hired them. Reason: My time was important and the more time I spent in the conference room interviewing would generally result in loss of value that could otherwise be created. So my desire was not only to hire an excellent candidate but also to hire someone who would remain with us for quite some time. MMOs can get addictive, not that they always do but I wouldn't want to take that chance.
PS: It's so much nice to have retired. :D
Oriflame Oct 1st 2010 1:20AM
I've gotta agree with Pyromelter here.
until they add titles for having huge gold stacks, I don't see why people should not use their gold to buy some other title. Honestly, what the hell else are you gonna use the gold for?
I've found getting gold capped at least as fun and challenging as getting an LK kill. I don't see why if it would be a bad thing if I used the cash to buy some other title/achievement/mount/whatever that I wanted.
Its a game, many of us play it for fun. If buying an achieve is fun, why not? Like a lot of people in this thread have said, earning a spot in a top 2% guild, even if you have the skills, is a huge pain and honestly a big grind. Buying your slot isn't exactly an issue to me. Getting 75 or 150k gold is doable an an hour a day. Top raiding guild? Not so much (at least for me!)
(keep in mind I'm not saying I want them to add achieves for having 300k gold or whatever)
tatsumasa Sep 30th 2010 5:15PM
i find it sad that buying titles like this has become socially acceptable. i suppose i just view them differently, but i could never wear a title that i didn't earn. i never bought the shattered sun title for this same reason. only a few of my 80s have titles but i put in the work for all of them.